What range of MBA Programs will give you a Good Shot at Six-Figure f500 jobs?
If you're aiming for MBB consulting or IB, they recommend you need to go to an M7 school, or t15 at the lowest. Getting those long-hour, high-paying, prestigious consulting and finance gigs is what draws many to the M7.
But what if you don't care about consulting or finance, but want a $100,000+ f500 job that's 50-60 hours? Say something in marketing, brand management, rotational programs, FLDP, corporate strategy, operations, sales, business development, product management, leadership development, etc.
What MBA programs would be worth the time, effort, and cost if six-figure f500 jobs are your goal? M7? T15? T20? T30? T50? Etc. Of course getting these positions isn't a walk in the park, but they seem a lot less competitive than MBB consulting or finance. So for f500, I doubt it's "M7 or bust."
Thanks.
Dude a 100k job at F500 from an MBA program that works 40 hours a week can be easily done from a T50 program... I don't think you're setting your sights high enough. Most of the post-MBA F500 roles are close to double that from M7 (total comp, not base salary). And very few corporate gigs are 50-60 hours
Eh? There are very few corporates that are going to pay $200k+ or anywhere close to that from any school, including an M7, from a salary + bonus + stock + def comp perspective. There are exceptions (some tech roles etc) but probably looking at $150k-180k for the BEST roles. I have friends here at Booth going to corporates for less than that. There are definitely some that pay more but $200k is not the norm.
Anyway, for the OP, the further down the chain you go the more it's going to depend on your prior experience. If you're looking to change careers and functions at a school in the 30-50 range then you shouldn't expect a six figure salary, but you might get lucky. If you're looking for a step up at a new firm in your current line of work and have 5-10 years experience, you might see a big boost. So it's tough to answer the question in a vacuum.
Ah, you know what, that's fair. I guess I've been evaluating it based on the opportunities many of my colleagues and friends have received (BB IB or MBB to M7 schools). Just took a deep dive through the statistics and those $150K-$180K numbers look much more fair.
OP, ignore my previous advice and listen to this guy.
I know the MBA figures for the LDPs at my company are ~100k first year. Giver or take 5-10 depending on performance. Defense industry btw, so a bit lower than other industries.
We recruit from Top 50 programs, but many of our programs are In the top 5 for their specialization. E.g. Finance, Supply Chain, HR, etc. - so the best schools within those disciplines.
I would say T50 with a regional focus. If you want to work in LA, you'll meet a lot of alumni in local F500's from USC and UCLA obviously - but you'll probably also be OK with UCSD or UC Irvine or Pepperdine, but those last 3 schools won't carry much weight in the midwest or northeast.
Obviously the M7 / Top 15 will give you tons of options, but a lot of the F500s may have more of a regional focus as opposed to rankings. For example, I'd imagine that Walmart recruits some MBAs from the University of Arkansas even though it isn't a highly regarded B-School. Now this would obviously be putting a lot of eggs in one basket, but if you don't have the scores / can't afford a highly ranked school it may be a viable option - especially if there is a particular city / region of the country you know you want to end up in
Agree with what's been said.
On a side note, does anyone know if F500 hire kids that are international for their finance leadership programs? I've heard Amazon and some of the BB do but seems like it's quite rare.
H/S/W aside, it's probably going to have more to do with previous work experience and whether you were doing something "prestigious" (e.g. McKinsey, Google, etc) prior to attending.
As someone who is in an MBA program ranked ~#50, here is a rough guideline on what you might be able to expect based on what my class & the class before mine landed:
Top 10-15% of the class landed jobs over $100k base with F100 companies. Almost all of this was regional - the few that went outside of the school's network had previous F100 or military experience. I personally went through the recruiting process for 7 LDPs - all of these came were LDPs in the same industry that I was in for 7 years pre-MBA.
Obviously this is a limited sample size, but my view is that if you go to a ~#50 MBA, you need 5+ years' experience and a background in either that job function or industry to feel confident you have a shot of F500 jobs with $100k+ base.
Not to be rude but these threads are so silly filled with speculation and hearsay. Why ask a random message board when every single school provides detailed employment reports. Just read those for schools you are interested.
Because the employment reports don't provide insights into what sorts of people achieve the median to top end of the salary ranges, which is more relevant to what the OP is asking. A career changer at an M7 can reasonably pull $150k at a corporate; a career changer at Carlson almost certainly will not.
It's not M7 or bust but seems significantly easier from a T15 from my limited sample. In fact, some programs like Darden seem to have a strong general management focus and will send more people to F500 LDPs than my M7.
To another commenters point, the employment reports and school club websites offer great information that is easy to find.
To yet another posters point, reach out to people at target schools who are in the professional clubs you want to join. I was always amazed how many people would go out of their way to help me as a prospective student. Most students had the same experience and are looking to pay it forward.
I don't know your background but $100K job isn't that far fetched from a top school. I'm nearly 4years out from a no-name state school and do $200 - $300k all in.
I go to a top 15 school and will be starting a corporate job at a F500 that pays 150k+ (all-in comp) and hours are 50-60/week. I'll be joining as part of an LDP in the tech industry so my comp is prob higher than other industries, but most F500 roles have all-in comp at a minimum of 110k/year. I would say def try to break into the top 30 to increase your odds of getting this sort of job
Can't add anything from personal experience, but employment reports have all this info. You'd be much better suited digging through a couple schools' reports that you're interested in to get some real data.
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